Creekstone Energy has raised a Series B funding round led by Trident Ridge, with participation from Pelion Ventures, to accelerate development of its planned AI Gigasite in Delta, Utah. The financing will support permitting, engineering, and early construction of what the company describes as a 10-gigawatt, hybrid-generation data center campus, designed to meet the surging power and compute demands of artificial intelligence and high-performance computing.
Headquartered in Salt Lake City, Creekstone Energy is working to create an integrated energy and computing hub that combines natural gas, solar, and renewable power within a strategically connected fiber corridor. The company states that this configuration enables scalable, low-carbon power delivery alongside hyperscale-ready data center capacity.
The project is intended to position Utah as a central destination for AI infrastructure investment and large-scale digital power reliability in the United States. Creekstone plans to continue building partnerships with energy producers, engineering firms, and major computing customers as the development progresses. The first powered data centers at the site are targeted to be online in 2026.
Trident Ridge participated as the lead investor in the new round, following its prior involvement with the company. Pelion Ventures joined at a stage where the project entered active development, reinforcing Utah’s expanding role in the U.S. data and infrastructure economy.
Creekstone describes the Gigasite as one of the most significant global initiatives focused on pairing multi-gigawatt energy generation with advanced compute deployment, and expects the project to support future enterprise, research, and AI platform workloads at scale.
KEY QUOTES:
“This financing marks a pivotal milestone in our mission to build the world’s most efficient, AI-optimized energy and data infrastructure. With Trident Ridge returning as our lead investor and Pelion Ventures joining our vision, Creekstone is positioned to deliver scalable, low-carbon power and compute capacity at unprecedented scale.”
Buford Ray Conley, CEO of Creekstone Energy
“Creekstone Energy is combining energy innovation with data center expertise to solve one of AI’s biggest bottlenecks — reliable, scalable power. We’re backing a team redefining U.S. AI infrastructure to strengthen both economic resilience and national security.”
Sander Gossard, Partner at Trident Ridge
“Pelion has long invested in Utah’s innovation ecosystem. The Creekstone Gigasite represents a generational opportunity to position Utah at the forefront of AI-driven infrastructure and sustainable technology leadership.”
Chris Cooper, Partner at Pelion Ventures
